Optima Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07000221 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

OPTIMA MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr G J Batterham

Mrs M Batterham

Mrs F Murphy

Mr R J Murphy

SECRETARY:

Kerry Secretarial Services Ltd

REGISTERED OFFICE:

c/o Cox Costello & Horne

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

REGISTERED NUMBER:

07000221 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne Limited

Chartered Accountants and Chartered Tax Advisers

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

5,739

5,476

5,739

5,476

CURRENT ASSETS

Debtors

4

209,524

199,405

Cash at bank and in hand

79,967

50,137

289,491

249,542

CREDITORS

Amounts falling due within one year

123,097

108,686

NET CURRENT ASSETS

166,394

140,856

TOTAL ASSETS LESS CURRENT LIABILITIES

172,133

146,332

CREDITORS

Amounts falling due after more than one year

(117,668

)

(104,623

)

PROVISIONS FOR LIABILITIES

(550

)

(1,095

)

NET ASSETS

53,915

40,614

CAPITAL AND RESERVES

Called up share capital

5

34,000

34,000

Profit and loss account

19,915

6,614

SHAREHOLDERS' FUNDS

53,915

40,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 September 2016 and were signed on its behalf by:

Mr G J Batterham - Director

Mrs F Murphy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents gross invoiced care services provided to elderly people. Turnover is recognised as goods

and services are supplied. All sales arises within the United kingdom.

Intangible fixed assets

Intangible fixed assets amortised over two years.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the

useful economic life of that asset as follows:

Plant and machinery

-

33%

straight line

Fixtures and fittings

-

33%

straight line

Computer equipment

-

33%

straight line

Motor vehicle

33%

straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

48,154

AMORTISATION

At 1 January 2015

and 31 December 2015

48,154

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

31,963

Additions

4,794

At 31 December 2015

36,757

DEPRECIATION

At 1 January 2015

26,487

Charge for year

4,531

At 31 December 2015

31,018

NET BOOK VALUE

At 31 December 2015

5,739

At 31 December 2014

5,476

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 25,500

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

34,000

Ordinary

£1.00

34,000

34,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

accounts of Optima Management Limited for the year ended 31December 2015 as set out on pages 2 to 10 from the

company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-

standards-and-guidance.

This report is made solely to the Board of Directors of Optima Management Limited, as a body, in accordance with the

terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of

Optima Management Limited and state those matters that we have agreed to state to the Board of Directors of Optima

Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than Optima Management Limited

and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Optima Management Limited has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Optima

Management Limited. You consider that Optima Management Limited is exempt from the statutory audit requirement for

the year.

We have not been instructed to carry out an audit or a review of the accounts of Optima Management Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Cox Costello & Horne Limited

Chartered Accountants and Chartered Tax Advisers

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

27 September 2016